China Retreats from U.S. Sorghum Probe Amid Global Market Chaos

By Hallie Gu and Tom Polansek BEIJING/CHICAGO, May 18 (Reuters) - China dropped its anti-dumping probe into imports of U.S. sorghum on Friday, beating a hasty retreat from a dispute that wreaked havoc across the global grain market and raised concerns about rising costs and financial damage at home. The move was seen as a goodwill concession as Chinese Vice Premier Liu … [Read more...]

Hyundai Mipo Dockyard Delivers World’s Largest LNG-Fueled Bulk Carrier

Sout Korea's Hyundai Mipo Dockyard has delivered the world's largest LNG-fueled bulk carrier.  The 50,000 dwt vessel was ordered in 2016 by Ilshin Logistics in collaboration with steelmaker POSCO. It features a new cryogenic Type 'C' LNG fuel tank made of high-manganese steel developed by POSCO and approved by international classification society Lloyd's … [Read more...]

Golden Ocean Reduces Red Ink, Completes Acquisition of 16 Dry Bulk Vessels

Dry bulk shipping company Golden Ocean has completed its acquisition of 16 modern dry bulk vessels as part of ship-for-share transactions announced earlier this year, the company said in its second quarter report released Thursday. Golden Ocean reported a net loss of $12 million in the second quarter of 2017, an improvement compared to the company's $39.2 million loss in … [Read more...]

Dry Bulk Shipowner Jinhui Shipping Sees Bumpy Road to Recovery

OSLO, May 22 (Reuters) - ** Oslo-listed dry bulker Jinhui Shipping sees a bumpy road ahead despite signs of a recovery in the dry bulk market ** The road to recovery will be challenging and the market will remain volatile, vice president Raymond Ching told the Q1 conference call on Monday ** "To be honest it's very hard to pin down what will happen, this industry has … [Read more...]